(a) Each health maintenance organization authorized to conduct business in Indiana and required to file an annual statement with the department under this chapter shall prepare the health maintenance organization's statement:
- (1) on the National Association of Insurance Commissioners
- (NAIC) Annual Statement Blank;
- (2) in accordance with NAIC Annual Statement Instructions; and
- (3) following practices and procedures prescribed by the most recent NAIC Accounting Practices and Procedures Manual.
- (b) To the extent that the NAIC Annual Statement Instructions require disclosure under subsection (a) of compensation paid to or on behalf of a health maintenance organization's officers, directors, or employees, the information may be filed with the department as an exhibit separate from the annual statement blank. The compensation information described under this subsection shall be maintained by the department as confidential and may not be disclosed to the public under IC 5-14-3 .
As added by P.L.203-2001, SEC.20.